When Is a Buyer Deemed to Have Accepted Goods That

question 45

Multiple Choice

When is a buyer deemed to have accepted goods that are delivered pursuant to a contract?

• A) If he fails to reject the goods after he has had a reasonable opportunity to inspect them.
• B) Immediately upon delivery.
• C) Only when he pays for them.
• D) Only after an express acceptance.

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Definitions:

Profitability

The degree to which a company or economic activity yields profit or financial gain, often measured as a ratio or percentage of revenue.

Complement

A good or service that is used together with another good or service, increasing demand for both.

Substitute

A good or service that can be used in place of another good or service, typically because it serves a similar function or satisfies the same needs.

Demand Equation

A mathematical representation of the demand curve, expressing the relationship between the quantity demanded and various factors that influence it, such as price.